AG2R LA Mondiale Gestion D Actifs Purchases Shares of 69,428 ONEOK, Inc. $OKE

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $6.89 million in ONEOK, Inc. by acquiring 69,428 shares during the first quarter.
• ONEOK reported an earnings per share (EPS) of $1.34 for the quarter, surpassing analysts' expectations of $1.33, and achieved revenues of $8.21 billion compared to expectations of $7.20 billion.
• The company declared a quarterly dividend of $1.03 per share, representing an annualized dividend of $4.12 and a yield of 5.6%.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,428 shares of the utilities provider's stock, valued at approximately $6,889,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of ONEOK by 7.2% during the first quarter. Vanguard Group Inc. now owns 75,196,969 shares of the utilities provider's stock valued at $7,461,043,000 after acquiring an additional 5,076,705 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of ONEOK by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 20,957,230 shares of the utilities provider's stock valued at $2,079,376,000 after acquiring an additional 2,542,449 shares during the period. Invesco Ltd. lifted its stake in shares of ONEOK by 25.1% during the first quarter. Invesco Ltd. now owns 8,339,939 shares of the utilities provider's stock valued at $827,489,000 after acquiring an additional 1,674,706 shares during the period. Tortoise Capital Advisors L.L.C. increased its holdings in ONEOK by 17.1% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 7,171,795 shares of the utilities provider's stock valued at $711,586,000 after purchasing an additional 1,047,810 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in ONEOK by 5.3% in the first quarter. Northern Trust Corp now owns 6,879,863 shares of the utilities provider's stock valued at $682,620,000 after purchasing an additional 344,002 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Stock Down 0.3%

Shares of NYSE:OKE traded down $0.20 during mid-day trading on Friday, reaching $73.10. 2,452,189 shares of the stock were exchanged, compared to its average volume of 3,110,274. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The company has a market cap of $46.04 billion, a P/E ratio of 14.25, a P/E/G ratio of 1.74 and a beta of 1.04. ONEOK, Inc. has a one year low of $70.63 and a one year high of $118.07. The stock's 50 day simple moving average is $77.18 and its 200-day simple moving average is $83.16.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.01. The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.20 billion. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.During the same period last year, the company earned $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. As a group, equities research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Friday, August 1st. ONEOK's dividend payout ratio (DPR) is currently 80.31%.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of recent analyst reports. Barclays set a $83.00 price objective on ONEOK in a report on Thursday, August 14th. JPMorgan Chase & Co. upped their price objective on ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Scotiabank set a $92.00 price objective on ONEOK and gave the company a "sector outperform" rating in a report on Tuesday, July 15th. TD Cowen initiated coverage on ONEOK in a report on Monday, July 7th. They issued a "hold" rating and a $91.00 price objective for the company. Finally, Raymond James Financial reiterated an "outperform" rating on shares of ONEOK in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and a consensus target price of $100.60.

ONEOK Company Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.